Australia’s economic recovery is leading the world with recent unemployment figures showing more people are now employed than before the pandemic hit our shores.
In May, 115,200 jobs were added across Australia. Around 85% of these were full-time jobs and we saw the national unemployment rate fall from 5.5 per cent to 5.1 per cent.
“Our Government’s economic response to the COVID crisis, was about keeping Australians safe and keeping Australians in work,” said Mr Pasin.
“Our Government is backing Australian businesses to drive our economy.”
“This is why the Government’s 2021-22 Budget measures have been designed to cement Australia’s economic recovery and secure our prosperity through initiatives including: a further $15.2 billion in infrastructure investment; additional tax cuts for businesses and individuals; a further $2.7 billion to extend the Boosting Apprenticeship Commencements program and; an additional $500 million to expand the JobTrainer Fund.
“The Government has put in place a prudent macroeconomic policy framework to ensure that Australia continues to rebound strongly from the COVID-19 induced recession and creates sustainable jobs well into the future,” Mr Pasin said.